Yesterday Australian Prime Minister, Julia Gillard, announced plans to implement a carbon tax and subsequent emissions trading system (ETS) in an attempt to reduce CO2 emissions from the country’s coal industry.  Coal produces 80% of Australia’s electricity.  The tax is to take effect on July 1, 2012 with the ETS commencing in 2015.

In hopes of getting the tax passed in Parliament (her Australian Labor Party has a minority position), Ms. Gillard announced $9 billion in subsidies to the most affected industries and another $15 billion in tax cuts and benefits to pensioners and low income earners and $1 billion to farmers.  The leader of the opposition, Tony Abbott,  is calling the tax and the subsides “veiled socialism”.

Here are some early responses to the announcement.

The Oil Drum Australia-New ZealandIt’s the Future with no Polluter

Climate Spectator, Carbon Price: Commentators’ View

Monsters and Critics, Coal miners blast Australia’s carbon scheme

The Australian, Carbon tax too low, but it’s a start for climate change

The Australian, Labor’s support collapses to 27pc in latest poll

The Herald Sun, Gillard’s carbon tax: It hits Australia’s fair go spirit

The Economist, Australia’s carbon tax: breaching the brick wall

Biofuels Digest, Australia’s carbon tax debuts: Carbon Sunday, or Black Sunday?

Digital Journal, Australia’s carbon tax — Hysteria and hype

 

 

 

 

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